Wall Street rises on trade deal hopes

Video Credit: Reuters Studio
Published on October 10, 2019 - Duration: 01:16s

Wall Street rises on trade deal hopes

U.S. stocks rose Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal.

As Fred Katayama reports, a rise in Apple's shares also boosted the market.

Advertisement

Wall Street rises on trade deal hopes

Investors went shopping for stocks Thursday, spurred by hopes for at least a partial trade deal between the United States and China as high-level talks got underway.

A rally by Apple also lifted the markets.

The three indexes gained about 6-tenths percent.

Spartan Capital Securities chief market economist, Peter Cardillo expects what he calls a "cosmetic" deal: SOUNDBITE: SPARTAN CAPITAL SECURITIES CHIEF MARKET ECONOMIST, PETER CARDILLO (ENGLISH) SAYING: "It could be maybe a currency deal, and it could also mean leaving the tariffs that are supposed to be imposed on the 15th off the table.

So that would be a breakthrough.

And I think the market would react positively too that." Fueling that optimism: President Donald Trump tweeted he would meet China's vice premier Friday for further trade talks.

Apple shares rose after Longbow Research upgraded them to "buy" from "neutral," citing higher sales for the iPhone 11.

Cowen and Co says that higher demand will benefit suppliers Skyworks Solutions and Qorvo, lifting their shares.

Bed Bath and Beyond's stock soared.

The beleaguered home furnishing retailer tapped Target's chief merchandising officer as its new CEO.

You are here


💡 One News Page Knowledge: Other News Mentions

Donald Trump

45th president of the United States
US President Donald Trump teased running again for president in 2024 as he hosted a holiday reception at the White House today."It's been an amazing four years,"..
3 hours ago • New Zealand Herald
Credit: NYTimes.com - Published 6 hours ago

Rudy Giuliani and Donald Trump have reportedly discussed the possibility of a pre-emptive pardon for the former New York mayor.Giuliani, who is currently the..
6 hours ago • New Zealand Herald

Apple Inc.

American technology company
2020 was a year when people around the world were forced to find new ways to connect, and that trend is clearly visible when you look at the most downloaded apps..
2 hours ago • The Verge
iFixit’s new toolkits are light on the bits, but have the ones that count. | Photo: iFixit

Following their sea creature naming convention, iFixit..
5 hours ago • The Verge
Photo by Dieter Bohn / The Verge

Apple’s MagSafe Duo charger is now on sale online, after initially having been announced without a release date as..
6 hours ago • The Verge
Image: Wyze

Wyze, the smart home company best known for its range of budget internet-connected security cameras, has announced its debut smartwatch...
13 hours ago • The Verge
Illustration by Alex Castro / The Verge

Amazon is bringing macOS to its AWS cloud for the first time ever. New Mac mini instances will be available on..
21 hours ago • The Verge

Target Corporation

Retail chain in the US
Target's annual gift card sale returns for two days. Dec. 5-6, with some changes. A Target Circle account is required to get the discount this year.
Credit: USATODAY.com - Published 13 hours ago

If you've been waiting all year to buy a new TV, you might want to see these Black Friday deals. 'Tis the season to upgrade your big screen.
Credit: CBS News - Published 5 days ago

Shop the best Black Friday 2020 deals at Target on everything from Apple AirPods to iRobot Roomba to Amazon Echo to Ninja and KitchenAid appliances.
Credit: USATODAY.com - Published 5 days ago

FedEx and UPS are hiring while Macy's and Target are using DoorDash and Shipt to help meet the delivery crush this holiday season amid COVID-19.
Credit: USATODAY.com - Published 5 days ago


Related news from verified sources

Wall Street rose for the third straight session on Friday, as investors expected top-level trade talks between the United States and China to result in a partial...
on October 11, 2019 • Reuters

U.S. stocks rose on Thursday after President Donald Trump confirmed he would meet Chinese Vice Premier Liu He on Friday for further trade talks, adding to...
on October 10, 2019 • Reuters

U.S. stocks gained on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a rise in Apple's shares lifted the...
on October 10, 2019 • Reuters

Related videos from verified sources

Wall Street Retreats On Trade Cloudiness 00:32
Video credit: Wochit News - Published on October 31, 2019 

Trade hopes lift stocks but Boeing slumps 01:44
Video credit: Reuters Studio - Published on October 21, 2019 

How Should Investors Approach Positive headlines Around U.S.-China Trade War 01:38
Video credit: The Street - Published on October 21, 2019 

You might like